Pi Network Promises Explosive Growth as the Price of the Pi Token Has Crossed the $0.60 Mark

Pi Network, a mobile-first cryptocurrency platform, has been experiencing increased activity as the price of the Pi token has crossed the $0.60 mark

Pi Network, a mobile-first cryptocurrency platform, has been experiencing increased activity as the price of the Pi token has crossed the $0.60 mark with almost a 2% increase in its value.

Major Unlocks to be Expected in the Next 30 Days

According to PiScan, the upcoming unlocks will release a total of approximately 183,200,132.08 π in the next 30 days. The average daily unlock is projected to be at 6,106,671.07 π. Amidst all of this, the highest single-day release is expected to be on April 18, when around 9,775,884.62 π.

The graph above shows the expected major unlocks of Pi tokens in the next 30 days. As evident from the graph, the upcoming unlocks will bring a huge volume of Pi tokens into circulation.

With these unlocks, more tokens are being made available for user transactions, which is, on the bright side, contributing towards increased activity on the blockchain.

Pi Network’s Increased Transaction Fees

On the other hand, transaction fees on the Pi Network have increased by 400% today, as reported by none other than Moon Jeff, the on-chain analyst on social media platform X.

The exact reason for this increase is not known, but there is a possibility that this increase is driven by high demand for transaction processing as users compete for limited slots. The network is said to be processing only one transaction every two seconds, which is apparently slower than its previous capacity. Previously, the blockchain would carry out two transactions per second.

The combination of token unlock and increased fees has fuelled the rising price of Pi tokens. At press time, the price of the token is $0.6011 with a surge of 1.6% in the last 24 hours as per CoinGecko.

As the network becomes more active, investors and users are now getting excited about the potential of the project.

Also Read: Pi Network Token Sees Over 5% Uptick Amid Trade Tariff Pause